PG&ENYSE: PCG

During 2024, PG&E customers have lost over $334,000 to scammers OAKLAND, Calif. , Nov. 20, 2024 /PRNewswire/ -- As the holiday season ramps up, scammers are also ramping up their efforts to target consumers, including utility customers.

Customers in 27 counties can now enjoy the advantages of new underground powerlines that enhance reliability and significantly reduce the risk of wildfires in those areas. On November 15, 2024, Pacific Gas and Electric Company (PG&E) revealed that it has built and activated over 800 miles of underground powerlines since starting its wildfire safety project in 2021.

Atomic Canyon's 'Neutron Enterprise' AI system seeks to transform how PG&E handles the large amounts of data related to the operation of the Diablo Canyon Power Plant in San Luis Obispo and San Jose, California.

Customers can book appointments online to make sure their gas appliances are safe to use. Pacific Gas and Electric Company (PG&E) is providing free in-home gas safety checks to help customers get ready for the colder months ahead. This service is available in Oakland, California, as of November 12, 2024.

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PG&E is still a good deal, with a trailing 12-month operating P/E of 14.6, which is 23% lower than the industry average, and a positive PEG ratio. Even with concerns about wildfires and previous bankruptcies, PG&E's valuation looks attractive due to its improving earnings per share and strong revenue growth forecasts. Technical analysis indicates that PG&E is on the rise, aiming for a price range of $22-$23, backed by a growing 200-day moving average and a positive breakout trend.

The transcript of PG&E Corporation's (PCG) earnings call for the third quarter of 2024 is available.

In the third quarter, PCG reported total revenues of $5.94 billion, which is a 0.9% increase compared to the same period last year. However, their operating revenues fell short of the Zacks Consensus Estimate by 10.9%.

OAKLAND, Calif., Nov. 7, 2024 /PRNewswire/ -- PG&E Corporation (NYSE: PCG) is expected to achieve strong financial performance in 2024 and the future. In the third quarter of 2024, the company reported GAAP earnings of $0.27 per share, an increase from $0.16 per share during the same time in 2023.